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Search Results 0 to 49 of about 284 (some duplicates have been removed)
at the end of the day. when the economy is much less strong as is the case today, they don't do that. they have no need to do that. there is nothing more potent as a driver of education for those with less skill than a taught labor market and the need to hire. i would suggest to you that those who assert that slow growth and stimulus and what happens in the short run is the short run issue, what is most important is the concept of long run fundamentalss this the crucial point -- miss the crucial point. we are by allowing the economy remains stagnant committing grievous structural sins. we are squandering human capital as people withdraw from the labour force. we are missing opportunities for employment and training for workers in their most formative years. we are running an active set of measures that discourage investment in finding the most disadvantaged workers and we are providing limitations on the incentive to invests in research and development as a product of tomorrow. how then to think about our current situation and the strategy for moving forward? it is i think right to s
what one expert thinks. >> susie: american consumers are feeling pretty good about the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. giov >> i think it's very hard to predict real estate prices now because the world is in such an unusual situation. there are so many ifs. and because we just recovered from the biggest housing bubble in u.s. history. so we're really in uncharted territory right now. >> reporter: shiller says one problem for the housing market is there is really no sense of urgency for potential home buyers to pull the trigger on a purchase. interest rates are expected to remain low for the foreseeable future and housing prices really aren't rising that
on the economy, how does the consumer feel about the so-called recovery? we bring you new numbers on that at the top of this coming hour. and let's go to nicole. we have news on apple's mini ipad. what's the news and what's the stock doing? >> oh, the speculation is swirling. well, we'll see whether or not apple takes off the-- and goes under the the wraps here. october 23rd, the day we're looking for. this may be the day we learn a lot more about the ipad mini that we have been talking about here on "varney & company," right. stuart: when we learn a lot more, what will it be? the specs on the thing, how big, how small. >> i don't know. invitation only event. it was reported all things d on today. and we've talked about the fact that the ipad is 9.7 inches, the ipad mini based on some of the analysts who went over to asia and saw some of the displays being ordered were speculating it could be 7.8 inches, so 7.8 rather than 9.7. and so, it will be smaller and will be able to compete, obviously, more readily with the kindle fire and the other smaller types of tablets. stuart: i just
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
into the economy they are 12i78ity-- stimulating housing. citi has problem relating to housing. they are stimulating emerging markets where citi is the strongest. >> all right, let's take a look at some of your other picks besides citi. you like goldman sachs. you have been telling us this all year. and the regional bank suntrust. again, was's the attraction? >> suntrust again is in the southeast. it has continued to have credit problems later than a lot of the other banks. but that's been a bad thingment but now we think it's a good thing. because right now we can still see a lot of positive improvements as we start to see a pick up in the economy and housing and places like florida, can help move that stock back up. so we still like suntrust. >> we just have about 45$p)-sec. a new round of bank stress tests coming up. how do you think banks are going to do. are they strong enough to withstand a financial downturn? >> well, i think they're strong enough. the question is does the fed think they're strong enough. and that is what we will find out. i think it will be a tough time
? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that provides opportunity and jobs. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. we will not try to replace our founding principles. we will reapply our founding principles. the choice is clear. the choice rests with you. we ask you for your vote. thank you. >> thank you both again. thank you very much. this concludes the vice- presidential debate. please tune in next tuesday for the second presidential debate in new york. i do hope all of you go to the polls. have a good evening. [applause] [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] [applause] , livem tonight's debate reaction for the next hour. it is just past 1:00 eastern time in the morning. we are taking your tweets. you can join us on facebook. we will get to your calls in a couple of minutes. [applause] >> as the vice president the parts, along with paul ryan and their
to higher receipts and lower outlays resulting in part from a stronger economy. also, a statement from treasury secretary tim geithner accompanying the release of these budget details. quote, the president has put forward a balanced proposal to further strengthen the economy and reduce the country's future deficits. it's time for congress to act on those necessary steps to it help sustain economic growth for years to come. of course, to add the fuel to the budget and deficit debate, fiscal cliff, and obviously ahead of next week's all-important debate between president obama and mitt romney. back to you guys. >> it's going to be fodder for our next conversation, i'm thinking. >> absolutely. right now it's not yet moving the markets if it's going to do that at all. >> michael, we were talking earlier that there are signals you see in this market which suggest a correction is coming. tell us what they are. is it the pattern we've seen this week? are some of the fundamentals behind it? in other words, that fight coming over the fiscal cliff related to the news that hampton was just give u
debates reveal about where the candidates stand on jobs and the economy. in today's cover story, why more shoppers are getting a jump on their christmas lists. plus, a money manager who only invests when congress has left the building. two traders weigh in on why cheese could be considered a commodity. and, we'll focus in on financial stocks as some of the big players get ready to release earnings. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's october 12th. i'm angela miles. in today's first look: traders are prepping for the friday trade. yesterday a 30,000 drop in jobless claims ignited a rally in stocks, but that fizzled out later in the session, with the dow and nasdaq especially losing momentum. gold gained 4 dollars, while oil pumped up more than a dollar. a setback for apple today. a u.s. appeals court overturned a ban on the sale of samsung smartphones running on google's android system. chip-maker a.m.d. cut its forecast, sending shares down more than 5% last night. and it's bye-bye
. the economy is one of the strongest in europe. still, the french, too, feel weighed down under the debt. structure or reform is the way to strengthen europe's union, but world economic leaders are strongly urging the implementation. can europe move into action? >> we are two very positive moves during last month. first with the ecb, second with growth. third with tax on financial transactions, which is going to happen between france, spain, italy, and other countries in europe. we are i believe truly taking into account political necessity to confront this crisis. of course it's too slow. we need to implement reforms. we're working on it. >> reporter: moscovici says the french, all europeans, in fact, should follow through with measures to reduce their debts. he said spending cuts are prerequisites for growth in the long run. >> this is why structural reforms are so necessary. and this is why if we need to deal seriously with that, i don't believe austerity is something good for the people. you cannot have growth in the midterm or long term if you've got austerity forever. we need to ge
and creation of new jobs, whether it is in a high-tech economy with twitter and other types of work force issues moving forward and businesses moving forward to creation of construction that local residents have a good shot at jobs. the john avalos local hiring measure was important in making sure we get residents, but even in my district, there are pockets of poverty and many people out of work. supporting those unemployed and underemployed people, supporting struggling small businesses in a difficult economy, and i support the small businesses versus more chain stores that seem to be coming into the store fronts, but i try to be sympathetic to local businesses because they make up the diversity of our local neighborhoods. those are some of the challenges that face our businesses. >> are there other issues specific to your district? how do you balance the needs of the issues in your district against the needs of the city as a whole? >> i know that our district has a higher proportion of seniors than some other district, and there is a brand new senior complex and wraparound community ser
of bad stuff. just this week the libya situation put the president on the defensive. the economy speaks for itself. so the only place the voters can really see the obama-biden ticket under pressure is in the debates. on the other side we're hoping governor romney will sit for an interview with us. we're negotiating that right now. we'll have an update for you on monday. generally speaking, mr. romney has been more accessible than president obama, but it is true the romney campaign is playing it very safe. at the debate tonight, vice president biden is the experienced hand. he's 27 years older than paul ryan and biden knows how to attack. the congressman is an unknown quantity when it comes to dealing with this kind of pressure. but talking points expects mr. ryan to be armed with panels that might slow down mr. biden who will most likely go after ryan hard. be interesting to see hot congressman handles that. that's a memo. top of the story, four years ago it was sarah palin debating joe biden. >> all you got to do is go down union street and go to katy's restaurant or walk into home dep
on weakening global economy. >>> business software company public debut isthe biggest ipo since facebook. that was back in may. >>> to our top story tonight i don't know about you but i envision peace and olive branches when i picture the european union. look at the pictures. riots in the street. thousands of protesters. nazi flags flying to greet german chancellor angela merkel in greece. the e.u. was named the winner of the nobel peace prize somehow. with me is economist peter morici. so happy to have you here. i'm baffled. i don't know, can you -- >> i'm more than baffled. barack obama got one a couple years ago for doing nothing but his promise. riots in greece. people are eating out of garbage appeals and dumpsters in spain all because of austerity being imposed on them by the north and the european union get as peace prize for that? maybe they ought to roll tanks through athens and maybe they give them two of them. melissa: i don't know. these pictures we're looking at right now do not scream peace to me. you know, the chairman of the panel was a little testy at the press conferenc
's now the economy that has the e.u. facing one of its biggest crises yet. mounting debts, high unemployment, and austerity measures have triggered protests in some euro-zone nations. the economic woes have created deep rifts among countries using the joint currency, and raised questions about maintaining the euro and even their union. germany is the e.u.'s economic powerhouse. its chancellor, angela merkel, said the nobel peace prize shows the value of european unification. >> ( translated ): the euro is more than a currency because in the end it is foremost about the original idea, the idea of europe as a community of peace and values. >> suarez: but there were detractors, including those who said the e.u. hasn't dealt with an influx of immigrants. the director of amnesty international's branch that monitors the e.u. said he hopes the award would encourage the european union to be more open to refugees. >> suarez: the $1.2 million prize will be awarded in oslo on december 10. for a closer look at its successes and some of the ongoing challenges facing the e.u., i'm joined by a
economy will slow oil demand growth and more oil put into the economy. nevertheless, nymex is up because they talk about as well this morning spiking higher anyway. and we've seen brent surprisingly up near 116, 15.60, as well. so the iranian exports hitting a new low in september may just be helping that spike up. >> iea says supply risk whether iran, iraq, are still a fact of life in the oil market. nevertheless it does see opec spare capacity more than doubling in the next five years. >> there's a difference between that five year forecast and the short term. so we'll talk about the oil markets. also plenty more to come on today's show, as well. >> we'll find out why howard mark says gold is not an intelligent investment. we'll also hear from the chief exec tip of infosys. find out why the investors didn't like the latest results. >>> plus we'll catch up with the world trade organization. and later in the show, we let a democrat and republican fight it out on our air over who won last neat's vice presidential debate. but it's a subjective view. >> can we get that the testimony thinks
direction. look at where we are. the economy is barely limping along. it is growing at 1.3 percent. >> for a guy who says 47 percent of the american people are unwilling to take responsibility for their lives my friend recent y in a peach says 30 percent are takers, these people are my mom and dad, the people i grew up, and my neighbo, th pay more effective tax than governor romney pays in his federal income tax. >> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> that statistic was completely misleading but more importantly -- >> that's the facts. >> this is what politicians do when they don't have a record to run on. >> rose: joining me now in new york is rich lowry, editor of the "national review", from danville is mark halperin of time magazine, chuck todd of nbc news and from washington al hunt, executive editor of bloomberg news, joining us shortly from washington will be katty kay of the bbc world news america, gwen ifill of pbs and joining us in new york is john dickerson of nbc news and slate magazine, i am glad to have all of th
. >> we did not know they wanted more security. >> the two sparred on the economy congressman ryan saying the economic policies are making the economic situation worse. the vice president defending the stimulus legislation and other policies. >> we are in a situation where we inherit a god awful circumstance. people are in real trouble. we acted to move to bring relief to the people who need the most help now. in the process in case you haven't noticed we have strong disagreements but you probably detected by frustration with their attitude about the american people. >> we are going in the wrong direction. look at where we are. the economy is barely limping along. growing at 1.3 percent. that's low slower than it grew last year and last year is slower than it grew the year before. >> looking at the polls from last night respondents gave the win to congressman ryan. a third gave the win to vice president biden. >>> a look at all of this perhaps the most talked about moment last night. word about policy but something all together different. >> the moments were joe biden's smirks, smiles and
the city's approach to developing economies? >> in the chair of the land use committee this year, and i was vice chair last year with our former chair from the bayview hunters point area. i guess i approach land use and economic development from a different perspective. i'm not against development, but i want it to be equitable so we look at the lowest income populations or even middle income populations so that residents have a strong say as development moves forward, whether it is the park ridge said development in the southern, western part of the city or even treasure island with there's many low-income families that currently live there. but it is a strong voice for the residents that currently are there. we also want to see new people moving into the city, and hopefully, we focus also on families and housing that provides better homes and home opportunities for families, but i always say that i support equitable development. i also do feel that big business and downtown interests usually dominate the discussion on development. i want to see a balance of those forces, but also with
discussions about libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight. >> it's pretty amazing how often he was interrupting and heckling and laughing and smiling and grimacing and grinning. it's like they put joker juice in the water that he had there on the stage. >> he was so rude. he was so toothy. he was so -- >> tooth -- >> -- overdramatic. rolling his eyes. but on the other hand, it's joe biden. >> i thought joe biden did great and i couldn't be prouder of him. >> andre
the pipeline will pose to over 200,000 people, and is also about the economy, reducing cost of energy we [indiscernible] all of the infrastructure of potential benefits. there is no benefit for the people of puerto rico. economically speaking. >> an east texas, activists protesting the construction of the keystone xl will pipeline are continuing their attempts to block tree clearing efforts for a third week amidst reported crackdowns on journalists. two reporters embedded with the activists were arrested and held overnight before charges against them were dropped. activists say transcanada, the company behind oil pipeline, is paying local police to provide security. two journalists from the new york times were held in handcuffs before being released. activists with the tar sands blockade say or attempting to protect the environment and local water supplies from toxic tar sands oil. a portland, oregon activist has been remanded into federal custody for refusing to testify before a grand jury about fellow activists in the pacific northwest. leah-lynn plant is the third activist in the regi
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
ryan. our favorite topic is the economy and the question of is it possible to get unemployment under 6%. >> we can and we will get it under 6%. let's take a look at the facts. let's look where we were when we came to office. economy was in free fall. we had the great recession hit. nine million people lost their jobs. 1.7 -- 1$.6 trillion of wealth loss in equity in your home and retirement for the middle-class. >> neil cavuto from fox business. a lot of substance last night but will the debate be remembered for that? neil: i don't think vice presidential debates tend to be. the vice president debating by and large a recent phenomenon. i don't know if it moves the needle. the instant reaction was the vice president won. he got the better of it just because of that. interested the freefall of the president. some of you said that. probably adds pressure to the president now. you have got to deliver in your face game but can the president do that and does it risk for the president to act like that, still kind of in a no-win situation. i got a kick out of the smirk for one thing and paul r
views, different views about the economy. i don't know why there are any undecided people left after the debate. >> looking at reaction. >> biden had to buy his boss a week until the next debate, and he did that tonight. he fired up the obama base. gave it some energy. they could have taken away his laughing gas a little earlier, he was charming joe biden tonight. that wasn't his mission. i thought ryan proved himself unexpectedly confidence on foreign policy, reasonable, and not a scary republican that everybody was warned about. and i have to agree with david, a draw tonight, but ryan looked reasonable. onto the next one. >> it was interesting to see vice president biden continue to inject himself, even when ryan was talking. some would say he was annoying. the. >> romney has moved up, not that obama moved down. people thought better of romney and he began to move up. biden put romney on trial. my twitter, e-mail, on fire this is exactly the debate performance that democrats needed. biden showed fire. the one condescending moment when paul ryan look at him and said i know are you u
in the white house? the choice is clear -- a stagnant economy that promotes more government dependency. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. and we will not try to replace our founding principles. we will re-apply our founding principles. the choice is clear. the choice rests with you. and we ask you for your vote. thank you. >> martha: thank you both again. thank you very much. this concludes the vice-presidential debate. please tune in next tuesday for the second presidential debate at hoffstra yrt in new york. i'm martha raddatz of abc news. i do hope all of you go to the polls. have a good evening. [cheers and applause] >> the one and only vice-presidential debate, wrapping up. you just heard that vice-president biden, at the end there, complaining about time. saying he wanted to be -- have more time at the end? we have the breakdown of time, in case you are interested at home. this is a rough estimate. but biden had roughly 41 minutes 50 seconds of talk time. and congressman ryan 40 empties and 5
the ayatollah sees. he sees his economy being crippled. the ayatollah sees 50% less exports of oil, he sees his economy going in a freefall, and he sees the world totally united in opposition to him getting a nuclear weapon. the president has met with netenyahu a dozen times. i was in -- just before he went to the un i was in a conference call with the president -- with him talking to netenyahu for well over an hour and stark relief of what was going on. this is a bunch of stuff -- >> what does that mean? >> biden: it means it is simply inaccurate. >> ryan: it is irish. >> biden: it is. the secretary of defense has made it -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what netenyahu held up there was when they get to the point where they can enrich uranium enough to put it into a weapon. they don't have enough to put it into a weapon. iran is more isolated today than when we took office. sit totally's a littled -- [overlapping speakers] >> ryan: thank heavens we had these sanctions in place. it is in spite of their opposition --
access in our economy rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating idea of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe, obviously we're going train people in the right way to abide but all the traffic regulations that we have, but as i sit in my car on days where i have to wait and 7, watch these scooters go by, it's kind of like where am i and what am i doing and can i contribute even more, so it's exciting to see this happen in san francisco, to see its launch, it's exciting that it's an idea that incubated out of the hub, it's exciting to not only see that it's fun for people to get around, to be more efficient and to kind of stralgts the lanes, but it's exciting to know it contributes so mu
. on the economy, biden unloaded, attacking mitt romney where president obama had not, on that video tape where romney called 47% of the american people victims who won't take responsibility for their lives. >> these people are my mom and dad, the people i grew up with. my neighbors. they pay more effective tax than governor romney pays on his federal income tax. >> reporter: ryan got personal. >> joe and i are from similar towns. he's from pennsylvania, i'm from wisconsin. you know what the unemployment rate in scranton is today? >> i sure do. >> it's 10%. >> yeah. >> you know what it was the day you guys came in? 8.5%. that's how it's going all around america. >> reporter: for a vice presidential debate, the stakes were high tonight. after mitt romney's big win in denver and president obama's no-show performance there, biden needed to stop the bleeding. ryan was going for the jugular, seeking to build the momentum republicans are feeling. >> the next time you hear them say, don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill is c
jabs on taxes, foreign policy and the economy in an often testy encounter. >> lower tax increase growth. >> now you're jack kennedy. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. [ laughter ] >> containing the outbreak. health officials try to locate patients exposed to a deadly form of meningitis. and the firm that supplied the contaminated shots linked to the infection may have been operating illegally. >>> mayor misconduct. an elderly mayor admits to stealing hundreds of thousands of dollars from her city but she's not going jail. this is the "cbs morning news" for friday, october 12, 2012. good morning. good to be with you. i'm terrell brown. compared to last week's presidential debate last night's face off between vice president joe biden and congressman paul ryan was like a shoot out at the ok corral. from the get go it was a pull no punches performance by both candidates. they squared off on everything from the economy to foreign affairs. randall pinkston is at the debate site in danville, kentucky. good morning
the importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to
for a fo questions. the economy -- few questions, the economy, $16 i(kñtrillion deficit. 2r @&c% tár'g a mess. s iy]lj what is your solution to this? wof eaq most x?c7ñpoliticians and voter to the problem. 9odaho:cazyñb promise more government. 2012 what we í > is less government. if you want to address the debt and stww/.Ñ less government goispending. address unemployment, we need less government interference with the economy. we need less government manipulation, banking and housing sectors that made the interest rates mdogñ$'&b7>q. housing sjxsna1prices cbequall >> one ú9tz lch ~;jvñeducation is always going Òhas hard. to different things. we need a diversity of approaches in the education, if last thing we should do Ñ"o nationalize education from a department out of washington. one size doesn't fit all in education. washington doesn't know best. we should get rid of federal education department and not because it's too expensive because we care so much and we are paying right now to harm our children, we should stop. >> afghanistan, do you see an end in sight? >>
want to start talking asian countries, they have really been a bright spot for the global economy. but we are seeing, economies of europe and the u.s. starting to really stagnate. we are seeing a slowdown in china. and india. wondering how much can asia continue to support growth? >> as we see,isha^ kra asia re leader. we expect asia to grow 5.5% this year, rising to 6 poe% this yea above global growth. i would say, you will see demand pick up in asia and keep growing -- growth active and robust. >> speaking of domestic demand, how much will that be able to really shield asian countries, do you think from the global slowdown we are seeing. what do policy makers need to do to ensure that domestic demand continues? >> this is a very important issue. they're dealing with this, two ways to handle this. there is ram oom to build new stimulus on the fiscal side. for many countries, inflation is back in the comfort zone. and for national conditions a. accomodated. looking ahead -- asia is looking to rebalance. and raise domestic demand in different ways. between china and other countrie
Search Results 0 to 49 of about 284 (some duplicates have been removed)

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